Cleveland-Cliffs seeks US Steel with Nucor: CNBC
Cleveland-Cliffs (NYSE: CLF) is reportedly collaborating with its rival Nucor (NYSE: NUE) on a potential bid to acquire US Steel (NYSE: X), CNBC reported on Monday. This development follows the Biden…
Cleveland Cliffs
Top 10: Freeport-McMoRan, Southern Copper lead US miners in size, profits
Freeport-McMoRan (NYSE: FCX) and Southern Copper (NYSE: SCCO) top the list of U.S. mining companies by market capitalization and net income as two titans of the copper sector. Freeport-McMoRan is…
Canada slams US antidumping duty on tin mill products, citing trade concerns
The United States Department of Commerce Friday announced measures to curb dumping of tin mill products from several countries including Canada in a move Ottawa criticized as “disappointing” and a…
U.S. markets decline Apr. 17-21 as recession concerns beat earnings
U.S. markets fell slightly as investors weighed strong corporate earnings and declining inflation against the fall of the index of leading economic indicators to its lowest point in more than…
Book excerpt: How the sparks of conflict in Ontario’s Ring of Fire set alight
The following is an excerpt from Chapter 10, “From backrooms to bulldozers,” of Ring of Fire: High Stakes Mining in a Lowlands Wilderness. Read more about the book, written by…
Cleveland-Cliffs forecasts Q2 headline earnings ‘multiple times higher’
U.S.-based integrated steelmaker Cleveland-Cliffs (NYSE: CLF) has signalled to the market it expects to report first-quarter 2023 revenues of about US$5.2 billion after it shipped 4.1 million net tons of…
‘There will be no Ring of Fire’ chant First Nation leaders in Ontario legislature
Two ranking leaders of an Ontario First Nation were forced to leave the provincial legislature Wednesday after rowdily accusing the Doug Ford government of failing to consult them about mining…
Silicon Valley Bank failure knocked NYSE lower last week
Stocks fell Mar. 6-10 as investors shifted from concerns over inflation to the outlook for the economy after regulators shut California-based Silicon Valley Bank following losses that prevented it from…
Ontario offers $5M to spur critical mining innovation
Ontario is starting a two-year, $5 million critical minerals innovation fund to support research and development of new technologies. The fund is to support Ontario-based new technologies in the supply…
Ontario Mines Minister Pirie targets red tape for Ring of Fire
Ontario Mines Minister George Pirie, a 35-year mining industry veteran before his election in June, says he plans to consider cutting project red tape “fairly shortly” while encouraging more federal…
US markets rise over Oct 3-7 session
The Dow Jones Industrial Average rose 571.28 points or 1.99% to 29,296.79 and the S&P 500 gained 55.04 points or 1.51% over the Oct. 3-7 trading week to finish at 3,639.66. Vale added US$1.10 to…
US markets fall, Nov. 22-26
The Dow Jones Industrial Average dropped 1.97% o 702.64 points to finish the November 22-26 trading week at 34,899.334, and the S&P 500 fell 2.20% or 103.34 points to 4,594.62….